The IPO funds will be used to pay Davis a $4 million fee in exchange for 10 percent cut of his future income tied to football.

The 29-year-old Davis could be paid up to $16.9 million on the remainder of his current contract with the 49ers.

Fantex, based in San Francisco, filed plans last month to sell stock in the Houston Texans' running back Arian Foster. That deal was called off last week after Foster suffered a season-ending injury.

The company acknowledges that its initial public offering is risky due to the violent nature of the sport as well as football players' relatively short careers, Fantex hopes to expand to include other athletes and celebrities in the future.

ODESSA, Texas (AP) — A West Texas man has been charged with impersonating an officer by using sirens and flashing lights to skip to the head of the drive-thru line at a fast-food restaurant. Full Story